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18 Oct 23
The European Union has affirmed its ambition to increase climate finance for developing nations ahead of the United Nations’ annual summit.
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13 Oct 23
Two European countries will put surplus revenues into wealth funds, hoping to make current windfalls and fiscal discipline contribute to future sustainability.
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6 Oct 23
Costs associated with climate change could hit Irish public finances by at least €6bn a year from 2030 onwards, its fiscal advisory council has warned.
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3 Oct 23
The European Commission has agreed to more than double Spain’s recovery and resilience plan to increase investment in sustainability and renewable energy.
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2 Oct 23
Forecast budget surpluses and a steady decrease in government debt were key contributors to an upgrade in Cyprus’s credit rating, Moody’s has said while announcing the change.
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26 Sep 23
Proposals to reduce the French government’s deficit by 2027 are “unambitious” and risk being out of step with other European Union nations, its spending watchdog has warned.
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20 Sep 23
Spain’s July general election left the country in a state of uncertainty.
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19 Sep 23
Sustained progress on reforms and resilient growth expectations were key contributors to an upgrade in Greece’s credit rating, moving the nation closer to recovering its investment grade rating,...
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12 Sep 23
Next year’s budget will see Sweden increase its military spending by more than a quarter as the government responds to its “serious security situation” in the wake of Russia’s aggression in Ukraine...
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5 Sep 23
High inflation and a lower-than-expected grant allocation have prompted the Croatian government to propose €4bn additional support from the European Union to fund its post-pandemic recovery programme...
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22 Aug 23
Wartime corruption poses a threat to Ukraine’s survival and officials are working to target “truly top officials” engaging in graft, the chief of the country’s anti-corruption agency said.
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18 Aug 23
Millions of euros the European Union had planned to spend on programmes involving Russia and Belarus will now be spent with Ukraine and Moldova, in light of the ongoing war.
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17 Aug 23
Huge spending on social services in response to the shock of Covid-19 ensured European Union economies were disrupted as little as possible, and adapting to the new reality has provided lessons on...
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25 Jul 23
Turkey gets export finance deal to start high-speed rail link
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24 Jul 23
Post-election limbo is only the beginning
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21 Jul 23
A proposed €20bn long-term military support package will provide more “sustainable and predictable” financing for Ukraine, a senior European Union minister has said.
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21 Jul 23
Cancelling religious public holiday could increase revenue for NATO country
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17 Jul 23
Fast progress on reducing Iceland’s budget deficit will help to rebuild fiscal buffers faster than expected and points to growing resilience in the government’s finances, ratings agency Moody’s has...
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14 Jul 23
Repeating broad-based energy subsidies would raise government spending, distort energy prices and fail to reduce use and should therefore be avoided, the European Union’s energy regulator has said.
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11 Jul 23
Candidate for EU membership gets help with cost-of-living crisis
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7 Jul 23
Baltic state becomes 32nd member of the group after an “exceptional” increase in aid spending
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7 Jul 23
The Turkish government is set to hike corporation taxes and vehicle duties to help fund the reconstruction costs from devastating earthquakes earlier this year.
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4 Jul 23
Germany will not see tax rises in 2024 despite finance minister Chrisian Lindner’s insistence on returning the country to its ‘debt brake’ rule needing a €20bn austerity package.
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30 Jun 23
Ukraine is set to receive a $1.5bn concessional loan from the World Bank to fund reforms and support its continued response to the Russian invasion.
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23 Jun 23
Turkey has nearly doubled its interest rates, reversing its longstanding controversial approach of loosening monetary policy to deal with extraordinarily high inflation.